Vietnam's ascent into the world of electronic manufacturing was largely due to foreign investors. However, that would also not happen had there been no proper government policies. Why do you think Vietnam's manufacturing industry succeded? Let us know down below!
You left out a majour reason for the shift which is the ongoing China issue. Where China has become a unsafe investment companies are looking to diversify their production. Then the second part is Taiwan with TSMC which is in the crosshairs of China. Making Vietnam as a relatively safe area of investment for semiconductors, diversifying the supply chain for majour corporations.
@@theforrestbelow That's just one reason, not all, the Vietnamese government has long oriented high-tech development policy and is very determined, sincere and has a development strategy for a long time.
@@vanphan9318 The main reasons semiconductors manufacturing are moving to Vietnam and not other SEA countries are because of Vietnam's closeness to china's massive supply chain to support semiconductor raw materials and components. Second Vietnam's populations are young with the second highest IQ scores in SEA. Third Vietnam's have a long coastline which they can easily access sea ports to ship their products anywhere in the world.
@@theforrestbelow : the Korean companies's investment in Vietnam started much earlier as indicated in the video. Samsung started pulling out of China in early 2010's and closed the last Chinese smartphone factory in 2019. TSMC has no investment in Vietnam.
@@markn6941 : Samsung is one of the largest chip companies in the world, but there is no high-tech, high-value semi manufacturing in Vietnam. Vietnam for now is mostly for low-tech supply-chain -- ie, assembly/packaging. The semi manufacturing is very capital-intensive, not necessarily resource intensive -- ie, sillicon is one of the most abundant elements in this planet and wafer are often built whereas chips are produced and most electrochemicals come from Japan -- and relies on extensive upstream supply-chain (ie, advanced toolings/equipments) from all over the world.
I think the most important reason why all the big tech companies keep investing on Viet Nam is because how stable their politics environment are : no war, no conflict, no changing policy after government voting and the people don't protest much . The country only want one thing, growth, and the government make sure to have no obstacles for the foreign investors to work here.
@@vanphan9318 oh I'm sure you're right, but to me it's the biggest reason. Just look at Africa, their labour cost is really cheap, their resources is vast but because of many conflict been ravaging the land, most of the countries could not rise up much.
@@shadowboxer2747 That's great bro. My hometown is ho chi minh city. Yes you definitely should visit Da nang, a beautiful city with beaches for tourists like Penang. Da nang is also well known for tourism in VN. Hope you will enjoy it
Life is amazing in Vietnam compare to 20 years ago! One of the most nicest, cheapest, and safest place to retired, beautiful people, wonderful food, beautiful Country!! Love Vietnam🇻🇳
Currently, almost all manufacturers of high-tech electronics have considered and learn about viet nam. They are interested in cooperation and investment in Vietnam
Vietnam's leaders are doing a great job, especially the supreme leader, general secretary Nguyen Phu Trong. Not only developing the country but Vietnam is also running a massive and highly effective campaign of stopping and preventing political corruption, which strengthens the citizen's trust in the government and stables their politic.
stop corruption? they are so corrupt that even leadership are bought and sold, corruption is so deep that all the richest people in the country are party cadres
Citizens trust in Government? Haha, you mist have been brainwashed …. They are a corrupt Government , they control citizens so their Citizens are afraid of protesting… they will put protesters in jail or punish them anytime they want…
Don’t lie too much, kiddo! What do you really mean? You sound like, Vietnamese are communist’s slave, the legal property of Vietnamese communist or worse than their pets!
Tell you this mate, with anti-corruption and many young people prefer to open their business with affordable services rather than housing cheap labour forces. It did come in handy for innovation in Vietnam but unfortunately, the primary sector is still our big economic source and tourism is the problem when I read many newspapers, all they wanted is extended the visa visit policy while in fact, the world wants our people to submit the visa application with no visa-free except southeast Asia countries and few countries accept Vietnamese visa-free.
@@MrBlurpBlurp-hg3dj There are two corporations, Viettel and FPT, which have successfully produced, but currently have not yet produced sophisticated chips. In which, Viettel Group is the group that has helped Vietnam become the 5th country to own 5G technology.
@Andy Quach The main reason is that Vietnam’s talent system does not support becoming an important chip production center, and packaging and testing may be possible, and the threshold for packaging and testing is relatively low. The demand for design and chip manufacturing talents is strong, and Vietnam is difficult to meet. China lacks a large number of integrated circuit talents and is making up for talents in this area, let alone Vietnam.
@Andy QuachMoreover, Vietnam's current industrial system is weak, and Vietnam's trade surplus is still relatively low (a large proportion of which is a surplus in agricultural products). The comprehensive cost and technical capabilities of Vietnam's manufacturing industry are still relatively poor. Most of Vietnam's manufacturing industry is still in the downstream industry chain. The lack of a heavy industrial system means that Vietnam still has a long way to go to develop a high-level industrial country.
While Philippines tycoon build more malls that makes Filipinos poorer ,Vietnam spends a lot of their efforts in convincing multinational companies to invest.
Malls in Philippines is too big compared to other countries at the same GDP per capita. How the rich made money by establishing malls at every corner of the country?
@@khoadinh9897 ph GDP is 70% domestic consumption. our economy is actually diversified. $80 billion comes from exports mostly semiconductors, $40-50 billion from bpo. $30-40 billion from worker remittance (10% of GDP), tourism 8%, mining 1% etc., a chicken sandwich at jollibee is $4 yet the minimum wage is 6-$10. ㄟ(ツ)ㄏ
@@alice_agogo Correct. Vietnam GDP is based on investment, saving, export. In my province, which is considered to be poor in Vietnam, most people have house and land for agriculture. But the cost of living is quite acceptable, and I am sure the actual income is large enough to cover every expense, but no expensive quality goods to consume. Therefore, most households have to save money for investment property, education, even send their children to study abroad.
In my opinion, Vietnam leader have changed the way of country management from extractive institution to inclusive institution. For the past the extractive institution had a such power in some limited prosperity. Now things have been changed Vietnam leaders have been learning from other countries like Thailand, Indonesia, China. How to build a stable business environment to attract investment capital, how to change from an agricultural economy to an industrial one. Now Vietnam is moving towards green industry.
Vietnam is benefitting from foreign investors leaving China for Vietnam. The Vietnamese are educated and work hard. This year, 2023, Vietnam is set to grow at 7.5%. That's great.
Vietnam has shown its technological prowess since during the war. They developed their own remote controlled unmanned small boats used to dísable mines laid by the 7th fleet off the Haiphong port. This port is the main support depot of goods from Russia. Vietnamse are intelligent, but they are not given enough opportunity to express it. Samsung's only 2nd research & development (R & D) global center outside of Korea is in Vietnam, even China doesn't have such facility. This explains why.
Nếu bạn xem trang web chính thức của Samsung, có nhiều trung tâm R&D ở nhiều thành phố ở Trung Quốc, không chỉ dành cho R&D điện thoại di động mà còn cho chất bán dẫn, pin và bảng điều khiển.
@@luongo7886 your mom. But anyway huawei was on its way to the top but USA 🇺🇸 can't accept it. Samsung, Apple and Qualcomm were all eating Huawei's dust before the bans.
VIETNAM HAVE NO WAR & VERY PEACEFUL!! Vietnam even don’t have Inner wars!! Plus our Government laws is very open for investment, not only manufacturers fiels but technology as well. Vietnamese people is BEAUTIFUL, SMART, HARD-WORKING & FRIENDLY. Easy to going & blending well with others race, others cultures. THIS IS VERY IMPORTANT AS WELL Good weather - we are Southeast Asia countries, bless by natural resources, sun & water, foods is cheap & variety type because weather & land soils is easy to growing foods. Electric systems is always on attentions & keep increasing to support all manufacturers company.
We have strictly laws of Protest & normal we don’t protest much like others country. This is very important as bussines man & investment - who put their moneys if the country is always chaostic & ppl going protest whole years during many problems. Look what protest in US/UK:France & many West countries nowadays? ANY PROTESRT TURN OUT CRAZY & BRUTAL. Ppl going around burning the mothefucker the whole cities, breaking cars & stores, lootings & violent attacks. Ppl is crazy ignorant & bloody violent racist on ppl for no reason!! Gorvement & lawsuits did nothing to stop it. Though media, reports news & movies they’re teach & brainwashed Youngful generation become ignorant & racist. They chose Vietnam, not only cheap labor-workers but we have alots of experience workers & high education workers, high quality workerforce as well Infrastructure keep increasing & better if compare to others Southeast Asia neighbor countries If just cheap labor workers they can go to MYANMAR, BANGLADESH, CAMBODIA, LAOS, PHILIPPINE, INDONESIA or many South America countries, Africa. In Vietnam they have almost everything. People is friendly, smart & hard working, HAVE FAMILY VALUES & KIND. No wars, no protest. Have alots high education worker-force & management. Youngful technology workers as well
Most Vietnamese workers I’ve seen started their days at 8pm, eat breakfast and chat till 9:30 or 10, work till 11 and look at their phone till 12, then go for lunch and nap till 14:00. Then they work till 16:00 and leave early to grab their kids or play with their phone until the boss leave at which point they will also leave. So around 3hrs of work for 9hrs. How is that hard working?
@siuabc The west takes advantage of its own advantages, and it is difficult for the west to compete with Southeast Asia simply by doing foreign trade. However, Southeast Asia has not obtained good industrial value. The supply chain of the main production capacity system is still in China. Southeast Asia, such as Vietnam, has not obtained a good value chain. Maybe there will be changes in the future, but not yet.
@@siuabc West china is high tech now Large domestic market to absorb all its goods No need to sell to UXA as exchange rate in favour of UXA Chinese workers are not slaves for UXA
VinAI is a failure. They disbanded most of their residency group. CMC weren’t relevant for the last 5 years. VNPT is money laundering for obligarchs FPT is not capable of a decent IT product. Theirs most recent aka tools have no customers. Viettel is decent but they work their employees to the bones and is also involved in shady stuff.
Vietnam was literally destroyed in the war But just 50 years later it's gdp per capita is almost 5000 usd Richer than it's Indochina peninsula countries Vietnam is a really good country for motivation When you look them how far they have reached
Not 50 years, only 28 years of development to reach this goal. Vietnam was totally embargoed by usa for 20 years from 1975 to 1994 when Doi Moi policy was actually put into effect...
@@knguyen4435 😅 actually bro I thought that Vietnam was free in 1975 after war but yeah Vietnam after 1995 actually So yeah your country is a miraculous one and will become a powerhouse
Prefer Made in Vietnam , Made in Thailand & Made in Indonesia products as they are Better Made & Safer to use , maybe these Countries have their traditional cottage industries passion & expertise to thank for their Better Craftmanships on their products! 🙏 🌷🌿🌏💜🕊
Stable politics and No terrorism , no protest , no gender inequality , no religious conflic , no coup like in Thai and many other near by countries , and taxes preferential from goverment...
Mình làm trong ngành Vi mạch và thực sự chưa bao giờ ngành Vi Mạch Việt Nam được săn đón và khát lực lượng như hiện tại. Công việc thực sự là quá nhiều và cơ hội cho tất cả học sinh mới ra trường lẫn kỹ sư có kinh nghiệm đều thật tuyệt vời. Hy vọng Việt Nam sẽ có nhiều mảng công nghệ phát triển nhưng phải đi đôi với môi trường sống và cải thiện dân trí.
As of September 2023, the foreign-invested sector of Vietnam's exports accounts for around 70%. In 2022, Vietnam's customs authority reported that FDI companies exported $274 billion worth of goods, which is 74% of the country's total goods exports. Companies will move to low cost countries when the cost of making things getting expensive. Vietnam is not like Japan, Korea or Taiwan just doesn't have its own tech.
Vietnam benefits from the wave of global companies leaving China. However, the growth of Vietnam is not yet sustainable because FDI firms dominate the electronics industry, while local firms are very small. FDI companies may leave in the future to other places with bigger incentives like India.
@@janchxxheonczsekk6412 that is still very far, Vietnam is in a geographical position that India never has, much more favorable than India. The supply source for Vietnam's high-tech production is still much better than India's.
@@janchxxheonczsekk6412 surrounding india are very poor countries while Vietnam is next to China and South China Sea, the busiest searoute. It's wiser to manufacture in Vietnam, unless they want to build a factory there mainly for india's domestic market.
That's why we have to grasps chance at technological development before the FDI companies left, developing high-techs, maximizing industrial growth, and allowing domestic products to grow larger and better.
Multinational firms set up factories in India because of its huge domestics consumer, but India only signed a few FTA agreement compared to Vietnam. So Vietnam is like a manufacturing hub to export goods around the globe. But our government need to invest human capital, pour incentive for local supporting industry firms and develop new niche, otherwise, we have nothing after world-class companies go away.
This is should be Philippines if our government are not SLEEPING !! Even though we got the BPO Industry, our Philippine Economic Zone is still lagging behind from Vietnam, Thailand and Indonesia.
@@rawmetal3052 WTF are you talking about? If Nixon didn't visit China and open up China's economy to the West they'd still be plowing the fields with oxes. But that's okay, China is on the decline. With a growing national debt of $9.5 trillion and Western companies pulling investments out of China, China will be back to where they started, as in plowing the fields with oxes again. LMFAO SMH
I bought samsung 50inch 4k uhd tv which is made in vietnam. After 8 months the screen got problem it keeps on getting off and on. They replaced the screen but after 6 mos. it has red line. Sadly it only has 1yr warranty. I wonder why samsung put their big investment in 1 country only which is vietnam which is about as said in this video as around 17.5 billion dollars, wow!, and not divide it in countries that has big loyal followers of their product to return favor for patronizing its products.
Whaterever your electronic, if you looking for build durability qc try to buy made in Japan, then followed by Thailand & Malaysia, then Korea, then Germany, then Netherland, then Taiwan, then Indonesia, then Vietnam, lastly China
no countries in the world that have their normal working class rich. Normal working class will just become middle class at best because in order to be rich you need to be a high-skilled labor. So yeah, if you're not rich blame yourself first and not the government lol.
Because most of the officials are corrupted? Foreign money made their way into their pocket before it does to the Philippines’ economy and people, as long as there are corruptions within a country, it will never grow, I admit thought that the Philippine has potential growth, but unfortunately the system within is abused
I also noticed that Vietnam exports lots of rice, too. It’s just that other richer countries ordered in advance. After rice was shipped to These richer countries then it is packaged and labeled with their languages as the rice is made from their countries and finally sell to the world.
@@binhtt6109 cám ơn bạn. Vì đây là UA-cam của người nước ngoài nên mình mới bình luận tiếng Anh. Mình tự hào và bênh vực người và nước Việt Nam mình, nhưng bạn kia nói mình như vậy, mình không hiểu sao bạn kia nói như vậy 😌dù sao cũng cám ơn bạn.
I think people in the West misunderstand the socialist projects in China and Vietnam. First of all, neither country was isolated from the global market by choice, so to act like their initial lack of global trade was an intended policy choice is fallacious. But more importantly, their choices to actively seek out foreign trade was never an abandonment of their goals because they saw that their system wasn't working, as it is often painted, it was a result of the fact that they had completed a level of state building that would set them up to make trade deals that were not exploitative of their working population. The people of China and Vietnam would not be experiencing the benefits of economic growth the way they are now if they had not tirelessly and courageously built systems to protect themselves from economic oppression.
This booming in Vietnam, just like the decades, American helped CCP where the CCP now. The Vietnamese pepoles are different from the Chinese pepoles, a little in term migrations from china over 2000 years ago. Also, Vietnam mixed with a lot of different minorities thousands of years ago. However, these blooming days are just the beginning of Ðôi Mới. So, did we all learned from decades helped china?
Same as the South Korean always keep trying to get ahead of the game for the constant thread from North Korea. Here the Vietnamese are always trying to thrive against the big neighboring China.
“Thrive against China???, vn=s Korea, and China= North Korea??? LOL, VN is same as big brother commie china, rely most of its industrial equipments form China especially in the north, its vn biggest export market, VN biggest commie Boss had to visit China first after ‘elected’. What thing VN is against China now??? China GDP percapita is 5 times of VN, sout Korea is richer than the north.
Talk about being clueless. So why aren't they moving to Philippines, Cambodia, Myanmar, Laos, East Timor, Africa.....according to your reasoning and logic? duh
Vietnam has a younger workforce than China. Therefore, cheaper. The same goes for Malaysia, Indonesia, Philippines, Mexico, Colombia, Peru, etc. Bye China, it was fun while it lasted 😎
@@janchxxheonczsekk6412 Infrastructures is slightly better in Vietnam, those other countries are still impoverished with massive corruption and political challenges
@@lebbeus Labor is not the only reason. If labor is the only reason why aren't they moving to Philippines, Cambodia, Laos, etc.... @janchxxheonczekk was right.
@@janchxxheonczsekk6412 some of those countries are locked deep inlandly, adding up residences for haulage. Some of those are combined by several small islands, which is also unfriendly for a integrated supply chain. So the reason where Vietnam being the ideal one is that it has both excellent cabotage and mediocre haulage conditions, it borders with China the still-developing hub of manufacturing...
@@lebbeus i don't think 'corruption' is a thing. Literally, The combination of big companies + local government is forever a sign of corruption. It's just those labours that finally pay the 'exorbitant costs' My country (China) is still highly corrupted now, but you know how long those companies keep staying in China
Do your research again. Samsung and some others are reducing their production or dependency in Vietnam as India and others in the region are emerging. Vietnam is yet, a leader in innovations. How many electronic and other intel related products or parts can Vietnam make from scratch???
Demographics. Vietnam has more young people than other countries. China's aging population cannot keep up with being the factory of the world. Japan and most of Europe, and many other G7 countries aee shrinking.
Vietnam is NOTHING because of the hated and corrupt communist dictatorship. If all the CAPITATLIST foreign companies pull out, Vietnam will greatly suffer. It's HIGH TIME to OVERTHROW the communist dictatorship ASAP! 😡
How can Japan be a powerhouse when theirs senior citizens have to live in the park? How can USA become a powerhouse when its largest cities are riddled with drugs and crimes?
@@luongo7886but if you overthrow them they will kill millions before they can even lose. Also if you overthrow them hundreds of millions of Vietnamese will lose jobs because companies pulling out. Why would you want that?
Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!
Obviously, you know nothing about economics. Then why didn't they move to Philippines, Myanmar, Cambodia, Laos where the yearly income is less? How about the majority of Africa and Central America??
Vietnam's ascent into the world of electronic manufacturing was largely due to foreign investors. However, that would also not happen had there been no proper government policies. Why do you think Vietnam's manufacturing industry succeded? Let us know down below!
You left out a majour reason for the shift which is the ongoing China issue. Where China has become a unsafe investment companies are looking to diversify their production. Then the second part is Taiwan with TSMC which is in the crosshairs of China. Making Vietnam as a relatively safe area of investment for semiconductors, diversifying the supply chain for majour corporations.
@@theforrestbelow That's just one reason, not all, the Vietnamese government has long oriented high-tech development policy and is very determined, sincere and has a development strategy for a long time.
@@vanphan9318 The main reasons semiconductors manufacturing are moving to Vietnam and not other SEA countries are because of Vietnam's closeness to china's massive supply chain to support semiconductor raw materials and components. Second Vietnam's populations are young with the second highest IQ scores in SEA. Third Vietnam's have a long coastline which they can easily access sea ports to ship their products anywhere in the world.
@@theforrestbelow : the Korean companies's investment in Vietnam started much earlier as indicated in the video. Samsung started pulling out of China in early 2010's and closed the last Chinese smartphone factory in 2019. TSMC has no investment in Vietnam.
@@markn6941 : Samsung is one of the largest chip companies in the world, but there is no high-tech, high-value semi manufacturing in Vietnam. Vietnam for now is mostly for low-tech supply-chain -- ie, assembly/packaging. The semi manufacturing is very capital-intensive, not necessarily resource intensive -- ie, sillicon is one of the most abundant elements in this planet and wafer are often built whereas chips are produced and most electrochemicals come from Japan -- and relies on extensive upstream supply-chain (ie, advanced toolings/equipments) from all over the world.
I think the most important reason why all the big tech companies keep investing on Viet Nam is because how stable their politics environment are : no war, no conflict, no changing policy after government voting and the people don't protest much . The country only want one thing, growth, and the government make sure to have no obstacles for the foreign investors to work here.
That's a few things, not all. If only based on these things, technology investors will have many countries to invest in
you think it's too simple!, if only based on what you say, there are many countries for investors to care about
@@vanphan9318 oh I'm sure you're right, but to me it's the biggest reason. Just look at Africa, their labour cost is really cheap, their resources is vast but because of many conflict been ravaging the land, most of the countries could not rise up much.
@@lesangpro
I wouldn’t say the biggest, one of the biggest reason for sure.
@@lesangpro Do industries related to high-tech electronics, not unskilled labor, cheap labor. You are very stupid to compare Africa
Go Vietnam 🇻🇳 from Malaysia 🇲🇾
I'm Vietnamese now working in KL. Absolutely love Malaysia❤ and south east asia nations in general
@@DucCorgiTV i have been to ho chi minh and hanoi a few times .. mayb i should visit Da nang next
@@shadowboxer2747 That's great bro. My hometown is ho chi minh city. Yes you definitely should visit Da nang, a beautiful city with beaches for tourists like Penang. Da nang is also well known for tourism in VN. Hope you will enjoy it
@@shadowboxer2747 you can go to Ha Long, Nha Trang, Phu Quoc
Went to the country a few years ago, I am delighted to see it growing quick. I hope I can visit vietnam along with thailand someday.
Life is amazing in Vietnam compare to 20 years ago! One of the most nicest, cheapest, and safest place to retired, beautiful people, wonderful food, beautiful Country!! Love Vietnam🇻🇳
Here in pH life was more amazing 20 years ago. Few people can afford motorcycles and cellphones. 2 dollars can feed you multiple fastfood meals
bốc phéc
We all wanted to be like Singapore , south Korea , Japan... Depends on our government where they want to take us to.
@@MyKheBeach Cay không 3sọc ?
US salary, live in Vietnam and exchange for vietnam *dong*=heaven and richie
Currently, almost all manufacturers of high-tech electronics have considered and learn about viet nam. They are interested in cooperation and investment in Vietnam
Vietnam's leaders are doing a great job, especially the supreme leader, general secretary Nguyen Phu Trong. Not only developing the country but Vietnam is also running a massive and highly effective campaign of stopping and preventing political corruption, which strengthens the citizen's trust in the government and stables their politic.
stop corruption? they are so corrupt that even leadership are bought and sold, corruption is so deep that all the richest people in the country are party cadres
Doing s good job by violation all human right abuse ??? You Chinese are terrible
Citizens trust in Government? Haha, you mist have been brainwashed …. They are a corrupt Government , they control citizens so their Citizens are afraid of protesting… they will put protesters in jail or punish them anytime they want…
Don’t lie too much, kiddo!
What do you really mean?
You sound like, Vietnamese are communist’s slave, the legal property of Vietnamese communist or worse than their pets!
@明
Totally agree.
Tell you this mate, with anti-corruption and many young people prefer to open their business with affordable services rather than housing cheap labour forces. It did come in handy for innovation in Vietnam but unfortunately, the primary sector is still our big economic source and tourism is the problem when I read many newspapers, all they wanted is extended the visa visit policy while in fact, the world wants our people to submit the visa application with no visa-free except southeast Asia countries and few countries accept Vietnamese visa-free.
Vietnam's target is chip. Vienam wants to become a chip producer, a chip exporter not just electronic manufacturing.
wait for 30 years...keh keh keh
@@MrBlurpBlurp-hg3dj There are two corporations, Viettel and FPT, which have successfully produced, but currently have not yet produced sophisticated chips. In which, Viettel Group is the group that has helped Vietnam become the 5th country to own 5G technology.
@@chuyensiAhara I don’t think China will allow us to manufacture our own Chips, it will make Taiwan less valuables
@Andy Quach The main reason is that Vietnam’s talent system does not support becoming an important chip production center, and packaging and testing may be possible, and the threshold for packaging and testing is relatively low. The demand for design and chip manufacturing talents is strong, and Vietnam is difficult to meet. China lacks a large number of integrated circuit talents and is making up for talents in this area, let alone Vietnam.
@Andy QuachMoreover, Vietnam's current industrial system is weak, and Vietnam's trade surplus is still relatively low (a large proportion of which is a surplus in agricultural products). The comprehensive cost and technical capabilities of Vietnam's manufacturing industry are still relatively poor. Most of Vietnam's manufacturing industry is still in the downstream industry chain. The lack of a heavy industrial system means that Vietnam still has a long way to go to develop a high-level industrial country.
While Philippines tycoon build more malls that makes Filipinos poorer ,Vietnam spends a lot of their efforts in convincing multinational companies to invest.
Malls in Philippines is too big compared to other countries at the same GDP per capita. How the rich made money by establishing malls at every corner of the country?
vietnam got many unessescerry malls too
@@khoadinh9897 ph GDP is 70% domestic consumption. our economy is actually diversified. $80 billion comes from exports mostly semiconductors, $40-50 billion from bpo. $30-40 billion from worker remittance (10% of GDP), tourism 8%, mining 1% etc., a chicken sandwich at jollibee is $4 yet the minimum wage is 6-$10. ㄟ(ツ)ㄏ
@@khoadinh9897 at around $400 billion GDP each Vietnam has 7 billionaires, ph 22. Yet Vietnam's GDP per capita is now higher than ph
@@alice_agogo Correct. Vietnam GDP is based on investment, saving, export. In my province, which is considered to be poor in Vietnam, most people have house and land for agriculture. But the cost of living is quite acceptable, and I am sure the actual income is large enough to cover every expense, but no expensive quality goods to consume. Therefore, most households have to save money for investment property, education, even send their children to study abroad.
In my opinion, Vietnam leader have changed the way of country management from extractive institution to inclusive institution. For the past the extractive institution had a such power in some limited prosperity. Now things have been changed Vietnam leaders have been learning from other countries like Thailand, Indonesia, China. How to build a stable business environment to attract investment capital, how to change from an agricultural economy to an industrial one. Now Vietnam is moving towards green industry.
thôi đừng ngạo nghễ nữa
@@hoangtiendung9984 what do you mean? Do you have any opinions about VN economy. If not say nothing, don't be jealous...
@@hoangtiendung9984sao các con phải cay cú vậy 😂😂😂 ăn bờ ở bụi hehe lo hưởng đi các con
Vietnam is benefitting from foreign investors leaving China for Vietnam. The Vietnamese are educated and work hard. This year, 2023, Vietnam is set to grow at 7.5%. That's great.
Vietnamese People are very hard working people with skillful hands and meticulous plus cheap Labor.
Google củng đang xem xét đầu tư sản xuất điện thoại ở việt nam.
Vietnam has shown its technological prowess since during the war. They developed their own remote controlled unmanned small boats used to dísable mines laid by the 7th fleet off the Haiphong port. This port is the main support depot of goods from Russia. Vietnamse are intelligent, but they are not given enough opportunity to express it. Samsung's only 2nd research & development (R & D) global center outside of Korea is in Vietnam, even China doesn't have such facility. This explains why.
Who cares about Samsung R&D? Huawei is better
@@alice_agogo
Agree absolutely
Nếu bạn xem trang web chính thức của Samsung, có nhiều trung tâm R&D ở nhiều thành phố ở Trung Quốc, không chỉ dành cho R&D điện thoại di động mà còn cho chất bán dẫn, pin và bảng điều khiển.
@@alice_agogo How is huawei better? Said who?
@@luongo7886 your mom. But anyway huawei was on its way to the top but USA 🇺🇸 can't accept it. Samsung, Apple and Qualcomm were all eating Huawei's dust before the bans.
WE will try our best 🎉
Wow OMG that is amazing Vietnam... 👍👌❤️🇻🇳
VIETNAM HAVE NO WAR & VERY PEACEFUL!!
Vietnam even don’t have Inner wars!!
Plus our Government laws is very open for investment, not only manufacturers fiels but technology as well.
Vietnamese people is BEAUTIFUL, SMART, HARD-WORKING & FRIENDLY.
Easy to going & blending well with others race, others cultures. THIS IS VERY IMPORTANT AS WELL
Good weather - we are Southeast Asia countries, bless by natural resources, sun & water, foods is cheap & variety type because weather & land soils is easy to growing foods.
Electric systems is always on attentions & keep increasing to support all manufacturers company.
We have strictly laws of Protest & normal we don’t protest much like others country. This is very important as bussines man & investment - who put their moneys if the country is always chaostic & ppl going protest whole years during many problems.
Look what protest in US/UK:France & many West countries nowadays? ANY PROTESRT TURN OUT CRAZY & BRUTAL. Ppl going around burning the mothefucker the whole cities, breaking cars & stores, lootings & violent attacks.
Ppl is crazy ignorant & bloody violent racist on ppl for no reason!! Gorvement & lawsuits did nothing to stop it.
Though media, reports news & movies they’re teach & brainwashed Youngful generation become ignorant & racist.
They chose Vietnam, not only cheap labor-workers but we have alots of experience workers & high education workers, high quality workerforce as well
Infrastructure keep increasing & better if compare to others Southeast Asia neighbor countries
If just cheap labor workers they can go to MYANMAR, BANGLADESH, CAMBODIA, LAOS, PHILIPPINE, INDONESIA or many South America countries, Africa.
In Vietnam they have almost everything.
People is friendly, smart & hard working, HAVE FAMILY VALUES & KIND.
No wars, no protest. Have alots high education worker-force & management. Youngful technology workers as well
@@HauTran-sunfromsouth this is a bad thing man....nothing to be proud of
@@janchxxheonczsekk6412 you are stupid and jealous, don't dare to admit this
Most Vietnamese workers I’ve seen started their days at 8pm, eat breakfast and chat till 9:30 or 10, work till 11 and look at their phone till 12, then go for lunch and nap till 14:00. Then they work till 16:00 and leave early to grab their kids or play with their phone until the boss leave at which point they will also leave. So around 3hrs of work for 9hrs. How is that hard working?
@@HaTran-32nhukm sound like you’re speaking about yourself and not the general population.
Go Vietnam From USA.
Welcome home, brother.
While “Winnie the Pooh” is pushing and scaring foreign investment away.
There is a big, large educated population in Vietnam also! 👍🙏💪
Communist Vietnam will be a leading manufacturing powerhouse in Southeast Asia.
Not really
Xi wants high quality investments not cheap labour slaves
@MuMu what about Western part of China? Or just getting global investment in general?
@siuabc The west takes advantage of its own advantages, and it is difficult for the west to compete with Southeast Asia simply by doing foreign trade. However, Southeast Asia has not obtained good industrial value. The supply chain of the main production capacity system is still in China. Southeast Asia, such as Vietnam, has not obtained a good value chain. Maybe there will be changes in the future, but not yet.
@@siuabc West china is high tech now
Large domestic market to absorb all its goods
No need to sell to UXA as exchange rate in favour of UXA
Chinese workers are not slaves for UXA
Viettel,FPT,CMC,VNPT,VinAI…
VinAI is a failure. They disbanded most of their residency group.
CMC weren’t relevant for the last 5 years.
VNPT is money laundering for obligarchs
FPT is not capable of a decent IT product. Theirs most recent aka tools have no customers.
Viettel is decent but they work their employees to the bones and is also involved in shady stuff.
Actually 35% of the manufacturing industries has been laid off in the last 2 months
Vietnam was literally destroyed in the war
But just 50 years later it's gdp per capita is almost 5000 usd
Richer than it's Indochina peninsula countries
Vietnam is a really good country for motivation
When you look them how far they have reached
Not 50 years, only 28 years of development to reach this goal. Vietnam was totally embargoed by usa for 20 years from 1975 to 1994 when Doi Moi policy was actually put into effect...
Totally agreed with Ms Hải, 28ys vs 50ys is a huge difference.
RS Gamer. Where did you get 50ys from??
@@knguyen4435 😅 actually bro I thought that Vietnam was free in 1975 after war but yeah Vietnam after 1995 actually
So yeah your country is a miraculous one and will become a powerhouse
If GDP per capita keeps increasing companies will just move again.
Prefer Made in Vietnam , Made in Thailand & Made in Indonesia products as they are Better Made & Safer to use , maybe these Countries have their traditional cottage industries passion & expertise to thank for their Better Craftmanships on their products! 🙏 🌷🌿🌏💜🕊
Stable politics and No terrorism , no protest , no gender inequality , no religious conflic , no coup like in Thai and many other near by countries , and taxes preferential from goverment...
난 베트남과 베트남사람들이 좋아서 4번이나 여행다녀 왔다.
다낭, 나트랑, 호치민, 붕따우
다음에는 하노이로 여행가볼 계획
Welcome to PHU QUOC / Vietnam
Các bạn Hàn Quốc cũng giúp đầu tư ở Việt Nam rất nhiều ❤❤❤
네, 고마워요
한국나라 는 정말 아름다워요, 한국음식은 너무 맛있어
Việt nam đang tiến hành tham gia vào chuỗi cung ứng chip toàn cầu.
Mình làm trong ngành Vi mạch và thực sự chưa bao giờ ngành Vi Mạch Việt Nam được săn đón và khát lực lượng như hiện tại. Công việc thực sự là quá nhiều và cơ hội cho tất cả học sinh mới ra trường lẫn kỹ sư có kinh nghiệm đều thật tuyệt vời. Hy vọng Việt Nam sẽ có nhiều mảng công nghệ phát triển nhưng phải đi đôi với môi trường sống và cải thiện dân trí.
@@tientranmanh798 chú trọng nhân tài, trả thù lao tương xứng để k chảy máu chất xám, chuyển đổi nguồn tiền sang sản xuất là VN sẽ phát triển vượt bậc
Vietnam only can do stuffs like shoes , clothes, it can't even produce top notch bycle or motor cycle . How can it produce chip for computers
@@deewood520 "The frog sits at the bottom of the well"😁😁
@@deewood520 you clearly haven’t heard of Martin 107
Once electronics clusters get started, they help each other.
I wnet into a sports shoe store the otrher day, and a lot of the shoes were coming from Vietnam, Indonesia, Cambodia and Myanmar
As of September 2023, the foreign-invested sector of Vietnam's exports accounts for around 70%. In 2022, Vietnam's customs authority reported that FDI companies exported $274 billion worth of goods, which is 74% of the country's total goods exports. Companies will move to low cost countries when the cost of making things getting expensive. Vietnam is not like Japan, Korea or Taiwan just doesn't have its own tech.
Bought a wireless mouse and it works better than anything we ever got from China.
Vietnam benefits from the wave of global companies leaving China. However, the growth of Vietnam is not yet sustainable because FDI firms dominate the electronics industry, while local firms are very small. FDI companies may leave in the future to other places with bigger incentives like India.
this is very true and a risk their country should worry about
@@janchxxheonczsekk6412 that is still very far, Vietnam is in a geographical position that India never has, much more favorable than India. The supply source for Vietnam's high-tech production is still much better than India's.
@@janchxxheonczsekk6412 surrounding india are very poor countries while Vietnam is next to China and South China Sea, the busiest searoute. It's wiser to manufacture in Vietnam, unless they want to build a factory there mainly for india's domestic market.
That's why we have to grasps chance at technological development before the FDI companies left, developing high-techs, maximizing industrial growth, and allowing domestic products to grow larger and better.
Multinational firms set up factories in India because of its huge domestics consumer, but India only signed a few FTA agreement compared to Vietnam. So Vietnam is like a manufacturing hub to export goods around the globe. But our government need to invest human capital, pour incentive for local supporting industry firms and develop new niche, otherwise, we have nothing after world-class companies go away.
because of USA. Many chinese companies relocated to vietnam because of the export quota of vietnam they can use
Việt Nam vẫn phụ thuộc vào cty nước ngoài nhiều. Cần nhiều các cty tập đoàn như FPT hay Vingroup hay Viettel... Vv
This is should be Philippines if our government are not SLEEPING !!
Even though we got the BPO Industry, our Philippine Economic Zone is still lagging behind from Vietnam, Thailand and Indonesia.
I didn't know untill i looked at the bk of my box the pixel is made over there
Me too 😂
Like most, VN got access to US companies manufacturing there, same with China, Taiwan, ect.
Apakah ASEAN akan tumbuah menjadi kawasan yang cemerlang seperti China?
Now, imagine where Vietnam would be today without war, without communism or trade embargoes.
Without communism? Nahh, this commie government is going very good.
Like in the past, 2nd in East Asia after China
@@rawmetal3052 WTF are you talking about? If Nixon didn't visit China and open up China's economy to the West they'd still be plowing the fields with oxes. But that's okay, China is on the decline. With a growing national debt of $9.5 trillion and Western companies pulling investments out of China, China will be back to where they started, as in plowing the fields with oxes again. LMFAO SMH
@@rawmetal3052 it's southeast Asia not east Asia
@@rampage4695 did I stutter?
ເຂົາຄືວ່າເສດຖະກິດວຽດນາມທີ1ໄນການ
ຜລິດເຄືອ່ງອິເລັກໂຕຣນິກຂາຍທົວ່ໂລກແມ່ນແຕ່ບໍລິສັດຂອງເມກາboeng netflix ຍັງຍາ້ຍເຂົ້າວຽດນາມທັ້ງໆທີ່ເປັນປະເທດຄອມມູນີສຄືກັນກັບລາວ, ໄທຍພັນທະມິດຂອງເມກາແທ້ໆເມກາຄືຂ້າມຫົວມາຫາແກວ?
From Laos?
Thái Lan sẽ không bao giờ cạnh tranh được với Việt Nam
Because a lot of countries are moving their factories there. Even with that, a lot of ppl are still suffering because of the covid pandemic.
I bought samsung 50inch 4k uhd tv which is made in vietnam. After 8 months the screen got problem it keeps on getting off and on. They replaced the screen but after 6 mos. it has red line. Sadly it only has 1yr warranty. I wonder why samsung put their big investment in 1 country only which is vietnam which is about as said in this video as around 17.5 billion dollars, wow!, and not divide it in countries that has big loyal followers of their product to return favor for patronizing its products.
😂😂😅Your tone is that of a weak and envious person. If your country is weak, Samsung people don't care, that's all!
For TV you should stick to Sony. I've been a loyal customer of Sony TV for 20 years. Never have a problem.
Because that not how logistic and industrial manufactor work
"Because it happened to me then it must be true for the entirety of Vietnamese-made products"
Whaterever your electronic, if you looking for build durability qc try to buy made in Japan, then followed by Thailand & Malaysia, then Korea, then Germany, then Netherland, then Taiwan, then Indonesia, then Vietnam, lastly China
yet, why the normal working class still poor? Government sucks
The working class will never be rich, this is the world's nature.
no countries in the world that have their normal working class rich. Normal working class will just become middle class at best because in order to be rich you need to be a high-skilled labor. So yeah, if you're not rich blame yourself first and not the government lol.
@@dohuuhailong8352 ko đáng để nói với những kẻ bán nước và làm nô bộc cho ngoại bang. Bạn ơi
@Thien HTN Nghe người ta trả lời đã khôn ra chưa?
show me if there any country on the world had rich working class?
Labour is relatively cheap compare to China which is 3 times.
Good, innovative labour force with Government support me mechanism
Why not the Philippines? Why the Philippines is being bypass? Are the labor laws being the culprit?
Because most of the officials are corrupted? Foreign money made their way into their pocket before it does to the Philippines’ economy and people, as long as there are corruptions within a country, it will never grow, I admit thought that the Philippine has potential growth, but unfortunately the system within is abused
You forgot Apple
Có nhắc rồi, chính là Foxxcon!
I also noticed that Vietnam exports lots of rice, too. It’s just that other richer countries ordered in advance. After rice was shipped to These richer countries then it is packaged and labeled with their languages as the rice is made from their countries and finally sell to the world.
bốc phéc
@@MyKheBeach viết sai chính tả 😏 thua cả hs tiểu học
@@binhtt6109 cám ơn bạn. Vì đây là UA-cam của người nước ngoài nên mình mới bình luận tiếng Anh. Mình tự hào và bênh vực người và nước Việt Nam mình, nhưng bạn kia nói mình như vậy, mình không hiểu sao bạn kia nói như vậy 😌dù sao cũng cám ơn bạn.
@@binhAn8888 đó là -3que- người Mỹ nói tiếng Việt bạn ạ😥
@@binhtt6109 bạn kia có lá cờ đỏ sao vàng
I think people in the West misunderstand the socialist projects in China and Vietnam. First of all, neither country was isolated from the global market by choice, so to act like their initial lack of global trade was an intended policy choice is fallacious. But more importantly, their choices to actively seek out foreign trade was never an abandonment of their goals because they saw that their system wasn't working, as it is often painted, it was a result of the fact that they had completed a level of state building that would set them up to make trade deals that were not exploitative of their working population. The people of China and Vietnam would not be experiencing the benefits of economic growth the way they are now if they had not tirelessly and courageously built systems to protect themselves from economic oppression.
Thailand makes much of the world's hard drives
All polluters are arrival daily . Hospitals are unable to handle over crowded . Please visit and see for yourself
Better than vietkieu ca li phot nia
Condolences to those who choose to subsist on vacuity. Learn to use, write English better.
Meaning Vietnam is the cheaper China sweatshop
This booming in Vietnam, just like the decades, American helped CCP where the CCP now.
The Vietnamese pepoles are different from the Chinese pepoles, a little in term migrations from china over 2000 years ago. Also, Vietnam mixed with a lot of different minorities thousands of years ago.
However, these blooming days are just the beginning of Ðôi Mới. So, did we all learned from decades helped china?
Người Việt là người bản địa ở phía Bắc Việt Nam chứ ko phải di cư từ Trung Quốc , Gene của người Việt Khác với Gene của người Trung Quốc
sad for philippines
Dont worry, philipine own jolibibi store that can feed the filipino..
Pinoys deserve it. 😀
Yes Let's not patronize Samsung hahaha.
Because of low wages for workers that allow companies to cut costs. Shame on you!
So why aren't they moving to Philippines, Cambodia, Myanmar, Laos, East Timor, Africa.....according to your reasoning and logic? duh
Found the Marxist ☭
It also gives good jobs to millions of poorer people!
Shame on you Westerners for demanding high salaries.
Go to vietnam
FDI helps to solve the 50% unemployment rate of Vietnam.
no idea where you have that infomation... but it seems to be false.
Not really
Average wage is 196dollars a month!!!! Its just the foreign business whos benifiting!!! Poliltician are not corruption free!!
How it happened: Chinese labor got too expensive.
Agreed! Cheap labor is the most important factor for the investment.
So why aren't they moving to Philippines, Cambodia, Myanmar, Laos, East Timor, Africa.....according to your reasoning and logic? duh
Winnie the Pooh destroying economy that took 40 years to build….
big young educated population in Vietnam is attracting Investments as well.
@@siuabc
Vietnam will be a leading manufacturing powerhouse in Southeast Asia.
@@HengAh7384 Hiện tại đã đứng thứ 2 về xuất nhập khẩu hàng hoá tại Đông Nam Á rồi, chỉ đứng sau Singapore vì đó là một nước trung chuyển hàng hoá.
Now its export is slowing down!!!gdp on first quarter of 2023 is only 3,5 percent!!! There a lots of lay off now!! Many brown out now in vietnam!!
Same as the South Korean always keep trying to get ahead of the game for the constant thread from North Korea. Here the Vietnamese are always trying to thrive against the big neighboring China.
“Thrive against China???, vn=s Korea, and China= North Korea??? LOL, VN is same as big brother commie china, rely most of its industrial equipments form China especially in the north, its vn biggest export market, VN biggest commie Boss had to visit China first after ‘elected’. What thing VN is against China now??? China GDP percapita is 5 times of VN, sout Korea is richer than the north.
And what is wrong with that????
Channel owned by Vietnam lol
😊
Cheap labor is main reason.
Talk about being clueless. So why aren't they moving to Philippines, Cambodia, Myanmar, Laos, East Timor, Africa.....according to your reasoning and logic? duh
Wuang vu (quang vu) is ngáo đá,vậy tại sao công ty không đầu tư ở phi châu,lao động rẻ hơn vietnam gấp mấy lần.
Vietnam has a younger workforce than China. Therefore, cheaper. The same goes for Malaysia, Indonesia, Philippines, Mexico, Colombia, Peru, etc.
Bye China, it was fun while it lasted 😎
Cũng hay
Because Chinese labour got expensive, that’s why
So why aren't they moving to Philippines, Cambodia, Myanmar, Laos, East Timor, Africa.....according to your reasoning and logic? duh
@@janchxxheonczsekk6412 Infrastructures is slightly better in Vietnam, those other countries are still impoverished with massive corruption and political challenges
@@lebbeus
Labor is not the only reason. If labor is the only reason why aren't they moving to Philippines, Cambodia, Laos, etc....
@janchxxheonczekk was right.
@@janchxxheonczsekk6412 some of those countries are locked deep inlandly, adding up residences for haulage. Some of those are combined by several small islands, which is also unfriendly for a integrated supply chain.
So the reason where Vietnam being the ideal one is that it has both excellent cabotage and mediocre haulage conditions, it borders with China the still-developing hub of manufacturing...
@@lebbeus i don't think 'corruption' is a thing. Literally, The combination of big companies + local government is forever a sign of corruption. It's just those labours that finally pay the 'exorbitant costs'
My country (China) is still highly corrupted now, but you know how long those companies keep staying in China
OH PLEASE
Vietnam Human right abuse power house Their salary is just keep them from starving . Let talk about terrible wage and environment
What's the minimum wage there?
3 sticks keep preaching about democracy and human rights yet the regime they once supported is none of that.
terrible wages yeah. Enough for a normal person to have a smartphone, have a house and have party every week lol.
Lũ bán nước cầu vinh và làm chó cho ngoại bang này chúng mày sủa ở khắp mọi nơi
@@dohuuhailong8352a house? Nice joke😂😂
Do your research again. Samsung and some others are reducing their production or dependency in Vietnam as India and others in the region are emerging. Vietnam is yet, a leader in innovations. How many electronic and other intel related products or parts can Vietnam make from scratch???
Agreed many people here don't know the facts, just cheerleaders.
Philippines is soon to overcome Vietnam
The secret is cheap!!! Cheap labor!! No more no less!!!
Simple, they came from china go to vietnam since its US companies
They now forgot the Vietnam War. 😂🇻🇳😜😂
Hi there, more reading of Holy
Bible for world peace.🗳
You nuts 🥜🥜 or what
Not true
cheap labor?
😅
Demographics. Vietnam has more young people than other countries. China's aging population cannot keep up with being the factory of the world. Japan and most of Europe, and many other G7 countries aee shrinking.
How can it be a power house when the moonsoon season , people in the popular city are lived in sewage.
The sewage can carry dangerous diseases.
dog barking
Vietnam is NOTHING because of the hated and corrupt communist dictatorship. If all the CAPITATLIST foreign companies pull out, Vietnam will greatly suffer.
It's HIGH TIME to OVERTHROW the communist dictatorship ASAP! 😡
How can Japan be a powerhouse when theirs senior citizens have to live in the park?
How can USA become a powerhouse when its largest cities are riddled with drugs and crimes?
@@luongo7886but if you overthrow them they will kill millions before they can even lose. Also if you overthrow them hundreds of millions of Vietnamese will lose jobs because companies pulling out. Why would you want that?
do you have any source to proof the majority Vietnamese ppl live in sewage like you said ? Or you just being a salty hater?
Manufacture but bankrupt
Not in a million years
I hope they will not follow the china way, they show thier real face after they progress in manufacturing.
😂😂❤❤
It's pretty simple. Don't be China.
And Philippines export tsinelas and balde😄😀
We export katulong 😂
It is just a hype over Vietnam..
VN is not even close to a manufacturing powerhouse. Wishful assessment, ding dong!!!
Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!
Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!
Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!
Wishfulness is a fool's way, Vietnam aim to make it into reality. Outsiders like you could never understand!
Is Vietnam a communist country? 😂
Yes , we are a communist country
คนไทยทำได้ๆๆๆๆๆๆๆๆๆๆๆๆๆ
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Troll 👿
Bro got seizure 💀💀💀💀
land of prostitutes', sex tourism, child trafficking, and lady boys
Thailand just good for xe....x tourism
Thailand #1 ladyboy lol.
When you seat in the well , you day dream your sky
i loving it 👌👍❤
Because cheap labor. Saved you the entire 9 mins
They could have chosen any country in the world for cheap labour...
Jealous dog
so stupid!😂😅When you open your mouth
then shouldn't others reduce their basic salary? It's so ez. isn't it?
Obviously, you know nothing about economics. Then why didn't they move to Philippines, Myanmar, Cambodia, Laos where the yearly income is less? How about the majority of Africa and Central America??